mtnsaa
Legendary
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Activity: 1568
Merit: 1000
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December 17, 2015, 03:03:01 AM |
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Sometimes it's great to read stories like that to get some perspective. Many of us just have 1 BTC and many even less and worry about it all the time even if we know selling it won't change anything in our lives. Perhaps in the future it might but not right now at the current value.
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hexagram
Member
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Activity: 81
Merit: 10
nosce te ipsum
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December 17, 2015, 03:04:17 AM |
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Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
Good job Tay!! You may want to ease out on the drinking but yeah, your time is coming. Hold on tight! |
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Arcteryx
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December 17, 2015, 03:12:27 AM |
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I did hear about this story and was in shock when I just read how much you got for it.
When I saw spotted it briefly I just saw the headline of house for sale for bitcoin but didn't know how much you sold it for. Over 2 years later, I am astounded how much you got for it.
I do hope you held on to it for that long and haven't spent it or put it into any shady investment scams.
Well wishing and happy holidays too you, the price of it now should be a well deserved Christmas gift to you!
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sidhujag
Legendary
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Activity: 2044
Merit: 1005
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December 17, 2015, 05:06:09 AM |
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Well, the fact that you haven't dumped all your crypto even during the pretty serious collapse of value in january 2015, proves that the phenomenom 'weak hands' is utterly unknown to you. You initial move was indeed very risky but looks like you might be in for (perhaps gigantic) profits. Good luck and HODL tight ... !
Not true, most ppl are not playing with $400k invested here in btc.. to the OP.. that same home probably is worth upwards of $600k now in this bubble REI. Yeah right... the house did not appreciate by 50% in two years. But I'm pretty confident his bitcoins will be worth well over that. Good job OP, you are my hero Oh you dont understand rei in vancouver bc then. |
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Zaun
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December 17, 2015, 10:26:55 AM |
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Oh waw that is really brave, well I hope for you that you can make more profit with bitcoin in the future.
I wish that I one day I can buy a house just using bitcoin. Because I hold now some, maybe I will get lucky in the future.
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dloghwak
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December 17, 2015, 12:20:14 PM |
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Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
Yet you are greedy, and therefore you will loose your assets in the future. Diversify your investment, and trade antizyclic! Do it with rebalancing your assets! And stop drinking! Bitcoin are not lotto tickets, if they were we would all be on the lottery forum figuring out how to win it.... Lottery is like a tax for stupid people, statistics prove you are more likely to be struck by lightening TWICE Than win the lottery ONCE........ The odds of 650 odd bitcoin being worth a princely sum are very high by comparison If you don't believe me, give me 650btc and I'll buy you 650lottery tickets  Would love to see the calculation behind your odds.  Can't waste time on someone who didn't even take the time to learn the fundamentals If you think the lottery is so great, why don't you swap your btc for lottery tickets? You don't even believe your own bulls hit... Lol I never said that the lottery is great, what are you talking about? |
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Next BillG
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December 17, 2015, 12:41:52 PM |
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Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
I think your investment in bitcoins will be much higher in the next year also. It should be worth about $600,000 when the bitcoin is used more by the people. |
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lixer
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December 17, 2015, 03:36:47 PM |
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Sometimes it's great to read stories like that to get some perspective. Many of us just have 1 BTC and many even less and worry about it all the time even if we know selling it won't change anything in our lives. Perhaps in the future it might but not right now at the current value.
Yes, some stories are pushing myself to invest more into bitcoins. These kind of stories are actually boosting and encouraging many bitcoiners and helping this community to scale another peaks. This speculation section really great to find mentality of this community and the future of bitcoin values. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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December 20, 2015, 10:50:42 AM |
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Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
We sure gonna choke on our laughter. |
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enhu
Legendary
Offline
Activity: 2492
Merit: 1018
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December 20, 2015, 11:09:29 AM |
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You'll not regret! right on! It would have to take about more than a hundred of analysis before I will decide to really sell my house in btc. But you definitely did your time, you stood up like a man.  The only I can afford to sell in btc is my computer accessories, currently I'm selling Uninterrupted power supply (UPS) on local forum for btc. where do you currently stay now? |
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Denker
Legendary
Offline
Activity: 1442
Merit: 1016
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December 20, 2015, 03:29:04 PM |
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Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
I think your investment in bitcoins will be much higher in the next year also. It should be worth about $600,000 when the bitcoin is used more by the people. Yes OP really showed that he had balls. And being able to go through this 2 years of bear phase makes it even more impressive. You really need to have strong nerves of steel for that. But I guess he also aged 4x during this time. However next year could be a awesome year for him.And then he absolutely deserves it imo. |
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vendetahome
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December 20, 2015, 03:35:32 PM |
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wow now thats an investment too bad that the price is a bit low right now though if it will keep on growing you will have some decent profit after a few years in my opinion
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Next BillG
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January 04, 2016, 11:01:44 AM |
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wow now thats an investment too bad that the price is a bit low right now though if it will keep on growing you will have some decent profit after a few years in my opinion
If the OP has somewhere to live and does not rely on the house selling proceeds to live, he has a good chance to earn a lot from his investment. |
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Moon_Man
Member
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Activity: 106
Merit: 10
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January 29, 2016, 12:32:17 AM |
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Damn nice job OP! You got some huge balls... This is going to be an interesting year for bitcoin.  Thx for keeping us updated |
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Next BillG
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January 29, 2016, 10:22:31 PM |
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Damn nice job OP! You got some huge balls... This is going to be an interesting year for bitcoin. Thx for keeping us updated Two important things to happen this year. Block chain size increase to accommodate more transactions. Block reward will be halved. |
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busybee7
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February 14, 2016, 04:05:44 PM |
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good luck man, just maybe it's waaaay too risky? You can loose everything, that would be horrible
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BruceLee007
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February 14, 2016, 05:47:33 PM |
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Good luck man, just it's so risky, never heard about anyone that did this for a chance to get more money later
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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February 14, 2016, 07:27:30 PM |
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good luck man, just maybe it's waaaay too risky? You can loose everything, that would be horrible
He might either lose everything, or make a fortune... Time will tell, as no one knows the future of BTC... But I am sure that the guy has a daring heart of Lion to take such a step... |
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2legit2
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February 18, 2016, 06:15:00 PM |
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oh, wow, that's very, very risky! good luck to you anyways, hope you won't loose everything
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dothebeats
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February 18, 2016, 08:10:47 PM |
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It's been two years. i wonder if the one who posted this still holds those bitcoins? If he does, then he should wait a little longer. If he doesn't, then he probably sold at a price in which he lose most of the sale from his house.
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